Social media management platform for brands
“we started doing branded apps and then Facebook pages and then marketing platforms, and now, you know, we went from an idea to, um, you have a software as a service marketing business always on Solution for Brands.”
“He became a software-as-a-service company.”
“We were a key part of that ecosystem early on.”
“He basically created the market – convincing companies that they needed a Facebook presence even more than they needed a corporate website because of the direct engagement with the customer.”
“he transformed into a service business at first, helping companies one by one get onto Facebook.”
“For that continuous engagement, companies would pay Mike’s team for his programming services.”
“A lot of that revenue funded the more scalable business, which is now our marketing platform.”
“That means more revenue for these Ads API providers and more revenue for Facebook, which it needs to rescue its share price.”
“So they really hadn't brought in a business person to really productize this very early social network.”
“He standardized them and created a platform of tools. This platform-as-a-service approach allows you to make money while you sleep.”
“we were probably much better positioned to dominate the brand marketing space and ultimately it comes down to you want to be in business where you can just cut the legs out of anyone else.”
“We have a licensing business, so we don’t have, the model isn’t unique, we have software and instead of spending $100,000 a license upfront, you license it for much less than that, and you pay kind of this monthly licensing fees.”